CoinPeople.com > Boy how times change...

Tiffibunny

Aug 31 2005, 03:03 AM

I just realized with all the talk of gold in the "Wish you owned" thread that I have 4 gold US coins in my possession.

user posted image

This being the most recent. 2000 $5 Gold Eagle 1/10oz.

user posted image

1986-W Liberty Gold $5 Commemorative

First modern minted Half Eagle 1/4oz

user posted image

1991 World War II 50th Anniversary Gold $5

How's that for interesting? The commemorative Gold 1/4oz coins still have the $5 denomination even though 1/10 Gold eagles which started in the same year also have the $5 denomination.

Then here in 2003 the commemorative 1/4oz is now $10.

bobbycoin

Aug 31 2005, 05:24 AM

-Bobby

jtryka

Aug 31 2005, 01:40 PM

QUOTE(Tiffibunny @ Aug 30 2005, 09:58 PM)

I just realized with all the talk of gold in the "Wish you owned" thread that I have 4 gold US coins in my possession.

user posted image

This being the most recent. 2000 $5 Gold Eagle 1/10oz.

user posted image

1986-W Liberty Gold $5 Commemorative

First modern minted Half Eagle 1/4oz

user posted image

1991 World War II 50th Anniversary Gold $5

How's that for interesting? The commemorative Gold 1/4oz coins still have the $5 denomination even though 1/10 Gold eagles which started in the same year also have the $5 denomination.

Then here in 2003 the commemorative 1/4oz is now $10.
[right][snapback]56964[/snapback][/right]

Which 2003 are you talking about? If you are referring to the Wright Bros. $10, it's not a quarter ounce, it's a regular $10 gold, with .48375 oz. of gold (twice the size of the Statue of Liberty gold). The commems are all minted under the old gold standard, which equates gold at $20.67 per oz. So the $10 has 0.48375 oz, and the $5 has 0.241875 oz. The eagle bullion coins have just idiotic random denominations, especially the 1/4 ounce. That program has a face value of $50 for an ounce, so 1/4 of that should be $12.50, but instead they rounded it to $10 for some unknown reason. So if we were trading at face value, you could give me a 1/4 oz. $10 for 2 1/10 oz $5, and I'd be ahead by 0.05 oz of gold! I'd do that trade all day long! Now you know why I only own a couple of modern bullion eagles (plus they utterly butchered Saint-Gaudens' design!)

Mediccoin

Aug 31 2005, 02:03 PM

QUOTE(bobbycoin @ Aug 31 2005, 01:19 AM)

I'm with Bobby here on this one.

bobbycoin

Aug 31 2005, 02:10 PM

QUOTE(Tiffibunny @ Aug 30 2005, 07:58 PM)

[right][snapback]56964[/snapback][/right]

Do I spy a Die Crack

?

Whats with the 8 Tiff?

-Bobby

Mediccoin

Aug 31 2005, 02:15 PM

Looks like an 8 crack for sure. Tiff, please tell us it is a scratch on the protective cover?

Trantor_3

Aug 31 2005, 03:04 PM

if I remember well, that's lint or a hair, it's not the coin.

This has been discussed before, on the old CP.

Tiffibunny

Aug 31 2005, 04:55 PM

Yeah, I didn't notice it when I took the pic, so I didn't blow it off. It's not a crack.

Tiffibunny

Aug 31 2005, 04:58 PM

QUOTE(jtryka @ Aug 31 2005, 08:35 AM)

Which 2003 are you talking about? If you are referring to the Wright Bros. $10, it's not a quarter ounce, it's a regular $10 gold, with .48375 oz. of gold (twice the size of the Statue of Liberty gold). The commems are all minted under the old gold standard, which equates gold at $20.67 per oz. So the $10 has 0.48375 oz, and the $5 has 0.241875 oz. The eagle bullion coins have just idiotic random denominations, especially the 1/4 ounce. That program has a face value of $50 for an ounce, so 1/4 of that should be $12.50, but instead they rounded it to $10 for some unknown reason. So if we were trading at face value, you could give me a 1/4 oz. $10 for 2 1/10 oz $5, and I'd be ahead by 0.05 oz of gold! I'd do that trade all day long! Now you know why I only own a couple of modern bullion eagles (plus they utterly butchered Saint-Gaudens' design!)

[right][snapback]57184[/snapback][/right]

Ah, see I thought they changed the denomination, the book really doesn't give specifics for each coin. So, thanks for that.

And that's what doesn't make sense to me. Why didn't they use the same standard for the GAE's? It seems silly to me. If (never happen) we had to use them as money again, those with the GAE's would make out like bandits.

jtryka

Aug 31 2005, 07:23 PM

I am really not sure how they came up with denominations on the bullion coins. If they used the old standard it would be really odd since a one ounce coin would have a face value of $20.67, and no one likes odd denominations. I think they probably took the "official" price of gold which is $42/oz. and rounded up. Of course that still wouldn't explain the idiocy of the 1/4 oz. = $10 situation. They probably could have made the 1 oz. with a face of $100, then $50, $25 and $10, but then they'd be identical to some Canadian issues, and it would really make the value of paper dollars look foolish. Ultimately we may never know!

If I remember, I'll get my Wright Bros. eagle out of the bank and take a picture with it next to a $5 to give perspective.

PS- I think the Statue of Liberty half eagle is one of the prettiest gold commems the mint has made in modern times.

Tiffibunny

Aug 31 2005, 07:54 PM

Cool, I'd like to see a comparison. All I have is the $5's and a $20 so I can't really compare the three...

gxseries

Aug 31 2005, 09:38 PM

I did dream of getting hold of all Imperial Russian commemorative coins... at least, I am somewhat 1/3 of the way... the rest will be a horrible nightmare...

daggit

Sep 1 2005, 12:53 AM

Tiff those are sooooo nice!!!!!

Tiffibunny

Sep 1 2005, 01:03 AM

Yeah, they're ok. My Mom bought the commems for me, but they pale in comparison to the one I'm temporarily holding to give her for her birthday.

user posted image

I have a month and 6 days to continue to drool over it.

daggit

Sep 1 2005, 01:29 AM

OMG

jtryka

Sep 1 2005, 02:03 PM

Here are links to some of my favorite Libs:

Type 1

Type 2

Type 3

BooYah

Sep 1 2005, 07:35 PM

gold!!!

jtryka

Sep 4 2005, 02:08 AM

Ok Tiff, here is the photo I promise, one compares the $5 eagle bullion to the $5 commem and the $10 eagle bullion and the $10 Commem. The second just shows the two commems, $5 and $10 side by side. This should hopefully give the proper perspective.

Tiffibunny

Sep 4 2005, 06:33 AM

Now I have a real good perspective. Thanks a lot.